Electrotherm (India) Ltd

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
769.01% Gain from 52W Low
TTM PE Ratio
Low in industry
2.8
Price to Book Ratio
Negative Price to Book
-1.1
Dividend yield 1yr %
0
TTM PEG Ratio
0
RSI
RSI is mid-range
42.5
MFI
MFI is mid-range
33.9

Electrotherm (India) Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Electrotherm (India) Ltd shareholding Pattern

Promoter
31%
Foreign Institutions
5%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
63.9%
Promoter
31%
Foreign Institutions
5%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
63.9%
Promoter
31%
Foreign Institutions
4.9%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
63.9%
Promoter
31%
Foreign Institutions
4.9%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
63.9%
Promoter
31%
Foreign Institutions
4.9%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
64%
Promoter
31%
Foreign Institutions
4.9%
Mutual Funds
0.1%
Domestic Institutions
0.1%
Public
64%

Electrotherm (India) Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
8
Bearish Moving Averages
8
5Day EMA
686.00
10Day EMA
698.20
12Day EMA
703.60
20Day EMA
719.10
26Day EMA
725.50
50Day EMA
722.70
100Day EMA
656.60
200Day EMA
519.10
5Day SMA
675.50
10Day SMA
693.60
20Day SMA
739.70
30Day SMA
742.40
50Day SMA
750.60
100Day SMA
683.00
150Day SMA
562.80
200Day SMA
461.20
Delivery & Volume
Resistance & Support
688.30
Pivot
Resistance
First Resistance
705.60
Second Resistance
714.25
Third Resistance
731.55
Support
First Support
679.65
Second support
662.35
Third Support
653.70
Relative Strength Index
42.54
Money Flow Index
33.89
MACD
-21.91
MACD Signal
-14.34
Average True Range
19.73
Average Directional Index
13.45
Rate of Change (21)
-5.61
Rate of Change (125)
129.22
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Electrotherm (India) Ltd Company background

Founded in: 1986
Managing director: Suraj Shailesh Bhandari
Electrotherm (India) Limited (EIL), a leading engineering company, known for providing best steel melting equipment globally. The Company has significant presence in steel sector for TMT Bar and DI Pipe industry in India. It is maiden manufacturer and one of the known brands in batteryoperated electric vehicles. It executes EPC projects and supplies engineering equipment in more than 71 countries around the world. Electrotherm India(EIL), the Ahmedabad based company, incorporated in October, 1986 was started by two enterprising brothers Mukesh Bhandari and Shailesh Bhandari, along with Harish Sharma and Narendra Dalal. EIL is manufacturing induction melting furnaces, TMT Bars, Ductile Iron Pipes (DI Pipes), Electric Vehicles, Transformers, Transmission Line Towers etc. EIL is also into wind power generation. Since its first order of 350KW Medium frequency induction furnace in Jun 1983, it has installed over 300 induction furnaces allover India and abroad sofar. EIL also has some firsts to its name like design and commission of Indias first indigenously made solid state generator of 1200 KW.EIL has set up a sister concern for new products like laser cutting machines for cutting stainless steel to very close tolerances which otherwise is a difficult operation. EIL has recieved the prestigious Dhatu Nayak award for the year 199798 and 199899 for indigenous development, manufacture Commissioning of Indias largest Medium Frequency Induction Melting Furnace of 7500 KW/15 Ton capacity for Alloy steel and key contribution to stainless steel and alloy steel industry by developing indiginously developing cost effective equipment for manufacturing of stainless steel through induction furnace route respectively.The Company also supplied Indias largest MF Induction Melting Furnace of 20 Tons capacity to M/s Shah Alloys Ltd, Ahmedabad. In the year 200001 the company accredited with ISO9001 certificate through RWTUV.During the year 200405, the Company started process of expanding its business through setting up of a most modern steel plant at Kutch at a project costing Rs 125.23 Crores. It completed the detailed engineering for the second phase of steel project consisting of Pelletisation Plant, Direct Reduced Iron (DRI) Plant, Modern Alloy Steel Melting Facility and Rolling Mill for heavy structural and alloy steel rolled products. Electrotherms Steel Division was established in the year 2005 in Kutch, Gujarat. During 200607, it established manufacturing capabilities to produce Electric vehicles and expanded the same to produce 150000 Electric Scooters per annum. The Company commissioned Second Phase of project at Kutch during 2008, and further completed third phase of project at Kutch during 2009. In addition to these, Bhaskarpara Coal Company Limited, a Joint Venture Company with Grasim Industries Limited and ET ElecTrans Limited were incorporated as two new subsidiary companies during 2009. 40 ton 14 MW Induction Furnace for mild steel billet making application was dispatched and commissioned in Nagpur during 2009. The Company commissioned the production of Blast Furnace II and Ductile Iron Pipe during 200910. It further embarked an inorganic growth strategy by virtue of acquiring Transmission Line Tower Plant near Baroda during March, 2010. In May, 2010, it acquired 100% shareholding of Shree Ram Electrocast Private Limited, at Kolkata and manufacturing complex at Siruguppa, Bellary, Karnataka, for Pig Iron with installed capacity of 1,20,000 MT per annum and Power Generation Plant of 2.5 MW. It acquired 100% shareholding of Hans Ispat Limited, a Kutch Gujarat based Company having manufacturing facilities for Billet of 84000 TPA, TMT Rolling Mill of 1,20,000 TPA and SS Rolling Mill of 72000 TPA per annum. The Company also acquired the shareholding in Shree Hans Papers Limited, a subsidiary of Hans Ispat Limited in June, 2010. Resulting to these acquisitions, all 3 Companies mentioned above became subsidiaries of the Company during the Financial Year 20102011. The Company introduced continuous casting machine for small size induction furnaces in April 2011. Further, it implemented the use of LRF and Dephosphorization and Desulphurization process for production of high quality low phosphorous forging grade billets during 201112 and thereafter, introduced Fe550D TMT rebar products. During 2013, it started operation from Thol plant in Ahmedabad, Gujarat. It installed more than 60 mini high speed casters during 201314. It commissioned fusion bonded epoxy coated TMT Bars facility at their Kutch Plant during 201617. It started their third TMT Rolling Mill production in the month of March 2019. During 201920, Company established heavyduty scrap poker, which also eliminates manual intervention while melting. It commissioned a galvanizing line for a strip / sheet making plant during the year 2020.
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Electrotherm (India) Ltd FAQs

Electrotherm (India) Ltd shares are currently priced at 696.95 on NSE and 706.85 on BSE as of 7/18/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Electrotherm (India) Ltd [ELECTHERM] share was 765.77. The Electrotherm (India) Ltd [ELECTHERM] share hit a 1-year low of Rs. 80.2 and a 1-year high of Rs. 845.

The market cap of Electrotherm (India) Ltd is Rs. 888.11 Cr. as of 7/18/2024 12:00:00 AM.

The PE ratios of Electrotherm (India) Ltd is 2.82 as of 7/18/2024 12:00:00 AM.

The PB ratios of Electrotherm (India) Ltd is -1.24 as of 7/18/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.08% at the end of 7/18/2024 12:00:00 AM.

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